Hawaii real estate funds for less than $250,000

While COVID-19 has upended most 2020 budgets, giving cause to re-evaluate every expense, there may yet be a way for those looking to make their fi rst real estate purchase this year — to tippy- toe into the market — in a pared-down sort of way.

Start where you are financially. Maybe it isn’t the right time for you to stretch the budgetary limits, but sometimes simply the act of re-evaluating financial goals forces a rethinking of how to achieve them.

With the price of paradise so often out-of-reach, here are some great little fee-simple condos on the island for under $250,000.

$249,000
445 Kaiolu St. #811
HAWAII HOMES INTERNATIONAL

This rarely available corner/end unit at Rosalei Ltd. overlooks peaceful views of the Ala Wai Canal, golf course and mountains. This one-bedroom Waikiki condo is turnkey-ready — fully furnished — and is currently the lowest-priced unit in the building.

$210,000
53-567 Kamehameha Hwy. #207
SC REALTY

Unit 207 at Pats at Punaluu in Hauula — oceanfront for $210,000 — is set on a lovely stretch of sandy beach. The one-bedroom, one-bath, one-parking unit has modern sleek upgrades and finishes — movein ready — complete with in-unit washer and dryer. Ocean-lover amenities include access to the beach, a salt water swimming pool, large grassy lounging and picnic area, kayak and surfboard storage, barbecue grills and workout facilities.

$210,000
1427 Alexander St. #306
WAIKIKI REALTY

Near Punahou and Maryknoll schools, this spacious studio at Alexander Gardens has a full kitchen. The well-kept building, in a gated community, is built around a garden courtyard and swimming pool. Owner is selling as part of a 1031 exchange, and is currently tenant-occupied until August.

$248,900
68-051 Akule St. #302
COLDWELL BANKER PACIFIC PROPERTIES

A short walk to the beach, this North Shore Waialua condo includes two bedrooms, one bath and one assigned parking spot. It is the only unit currently available for sale at Mokuleia Beach Apartments. Unit is well-maintained and freshly painted. It has new appliances, a new sink and laminate fl ooring throughout. Home warranty included.

$199,000
1020 Green St. #109
COLDWELL BANKER PACIFIC PROPERTIES

Within minutes of downtown, Chinatown, Ala Moana Center, Honolulu Museum of Art, Blaisdell Center, The Queen’s Medical Center and bike stations, this spacious Punchbowl studio at Terrazza features beautiful wood-laminate flooring, a cozy, upgraded kitchen, and an inviting swimming pool (see photo). Pet friendly.

$139,000
249 Kapili St. #205
COLDWELL BANKER PACIFIC PROPERTIES

The lowest-priced unit on the list, this Pacific Islander studio condo is small but is in tip-top shape and a couple blocks from Waikiki’s Kuhio Beach — complete with a kitchenette and garden view (see photo). Walking distance to Honolulu Zoo, International Marketplace, and bike stations. Parking is available by waitlist for $65/ month. Perfect entry-level purchase.

See More Listings